Alpha Metallurgical Resources Inc reports results for the quarter ended June 30 - Earnings Summary

• Alpha Metallurgical Resources Inc AMR.N reported a quarterly adjusted loss of 38 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $4.49. The mean expectation of three analysts for the quarter was for a loss of $2.47 per share. Wall Street expected results to range from $-2.87 to $-1.88 per share.

• Revenue fell 31.6% to $550.27 million from a year ago; analysts expected $549.17 million.

• Alpha Metallurgical Resources Inc's reported EPS for the quarter was a loss of 38 cents​.

• The company reported a quarterly loss of $4.95 million.

• Alpha Metallurgical Resources Inc shares had risen by 15.1% this quarter and lost 35.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 337.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is "buy."

• Wall Street's median 12-month price target for Alpha Metallurgical Resources Inc is $140.50, about 7.9% above its last closing price of $129.45

This summary was machine generated from LSEG data August 8 at 02:49 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)